The investment seeks to provide capital appreciation, with a secondary objective of hedging risk. In pursuing its investment objectives, the portfolio adviser seeks to follow the methodology of its proprietary TOPS® Global Target Range™ Index. The portfolio’s returns are expected to be similar to the returns of the index but will not match the index’s returns due to the amount and timing of assets that flow in and out of the portfolio and its fees and expenses. Under normal conditions, approximately 80-85% of the portfolio’s assets are expected to be invested in the cash collateral component upon the annual roll date in January. The fund is non-diversified.